Jet Airways appoints Amit Agarwal as new Chief Financial Officer

Private carrier Jet Airways today said it has appointed former Suzlon senior executive Amit Agarwal as its Chief Financial Officer (CFO).

Private carrier Jet Airways today said it has appointed former Suzlon senior executive Amit Agarwal as its Chief Financial Officer (CFO).

Amit Agarwal’s appointment to the post is effective from today, the airline said.

Jet Airways did not have a full time CFO since March 2014 when the then incumbent Ravishankar Gopalakrishnan, who was also the acting chief executive officer, parted ways with the airline.

Significantly, Agarwal’s appointment also comes days after Crammer Ball stepped down from the CEO post to join Italian airline Alitalia as its chief executive.

“I am delighted that Amit Agarwal has joined Jet Airways as Chief Financial Officer and a key member of our Operating Committee,” Jet Airways Chairman Naresh Goyal said in a release.

Amit is a seasoned finance professional with knowledge and insights of Indian and international markets, Goyal said, and “his expertise across cost, finance, treasury and banking functions, combined with experience of turning around businesses makes him the ideal choice for this role”.

He said Jet Airways is committed to the three-year turnaround plan to achieve profitability.

The 47-year-old Chartered Accountant with more than 24 years of experience having held positions in India, Europe and North America, Agarwal will be responsible for all financial and fiscal management aspects of companies business.

He will join the operating committee that has been tasked by the Board of Directors to lead Jet Airway’s growth and strategy, the release said.

“I am excited to take up this key role at Jet Airways… I look forward to working with the key stakeholders in ensuring the accomplishment of the Company’s strategic goals in the next phase,” Agarwal said on his appointment to the post.